Covid crisis forces Putin to delay $360bn development plan

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Covid crisis forces Putin to delay $360bn development plan
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Putin blames 'stricter budget restrictions' as pandemic blows his centrepiece development plans off course

Russia's President Vladimir Putin attends a meeting on national projects via a video conference call at the Novo-Ogaryovo state residence outside Moscow, Russia, July 13 2020. Picture: SPUTNIK/ALEXEI DRUZHININ/KREMLIN/REUTERS

“I ask the government with the participation of the State Council to adjust the national projects within three months,” Putin said at a televised meeting on Monday with ministers and officials. “We must proceed from their realities.” Putin made the national projects the centrepiece of his election programme for his fourth term when he won a landslide in 2018. He overhauled the government at the start of 2020, installing Mishustin in place of long-serving ally Dmitry Medvedev, partly out of disappointment at the pace of progress in implementing the spending programme designed to boost Russia’s sluggish growth and raise living standards.

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